Purchase Costs
​When purchasing a property in Turkey there are of course a number of fees involved and below is a summary of the costs you will incur and what you can expect to have to set aside on top of the purchase price for all relevant fees.

Many official costs are set in Turkish Lira and therefore the amount in your home currency
will change according to exchange rates at that time.

Initial Costs in Turkey:
– Translation of passport, approximately 5500tl per person
– Notary costs for drafting Power of Attorney, approximately 4500tl
– Official Translator fee, approximately 4000tl
(Please note that costs vary as it is costed on number of words/letters within the document and depends on how many clauses and restrictions are added)

For costs based on obtaining a Power of Attorney in the UK please contact us

Final Stage Costs:
– Purchase Tax (like Stamp Duty) is 4% of the declared amount **(please see footnote)

– Duty Taxes (Doner Semeye 20,000TL

– DASK Insurance (Compulsory Earthquake Insurance) – Varies on property size but average 2,000TL
– Solicitors Fee, averages £750-1000
– *Survey/Home Report – Only required if Applying for Citizenship – 24.06.2024  (from 20,000 YTL subject to location and size of property)

– DAB Certificate – Cost varies dependent on the amount being exchanged, exchanging back to GBP incurrs a loss due to the BUY/SELL rate differential plus tax.  An estimate for this can be provided on request.

As from 21st of January 2022 under Article 13 of the circular of Movement of Capital, all property purchases must be made through the Turkish banking system in Lira, so the following must be adhered to:​

• Transfer the amount required from your home bank via swift transfer (IN GBP) to your bank account in Turkey. Please ensure you state the reason for the transfer as this can help protect your funds.
• For part of the payment it must be in TL (the declared value amount going to be shown on the Tapu) Your bank will exchange this money amount with the central Bank of Turkey, however, only buyers, sellers or legal representatives can sign the exchange document, so if you are giving power of attorney to a person in Turkey you need to ensure that they have the rights in this document to carry out this role on your behalf.
• You will then be issued with a Foreign Exchange Purchase Certificate; this document will be needed along with other documents listed below for the purchase process at the deed’s office.
• This certificate confirms the name, surname, passport number or foreign identity number of the person on whose behalf the foreign currency was exchanged and the USD equivalent of the foreign currency purchased (tl equivalent is always included) and a statement stating that this transaction was carried out with the score of the circular on capital movements

Translator fee – if you are attending the final signing in person then it is required under Turkish Law that a translator (approved by the TAPU office) is there to assist cost is currently 4000TL

*Footnote** The declared amount is generally lower than the true purchase price. Under declaration is common in Turkey and the value will be determined on the Home Report/Survey. Generally a reasonable declaration is around 75-85% of the true value and is normally deemed acceptable by the Local Council.

After Sale Costs:
– Private comprehensive house insurance (Buildings & Contents) is optional and price varies, approximately 8,000Tl +
– Costs associated with registering and connecting to Aydem electric, approx. 1,500tl
– Costs associated with registering and connecting to Muski water, approx. 800tl
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Other Costs to Consider and Annual/Ongoing Payments:
Annual maintenance fee for pool and garden upkeep is compulsory if your property is part of a communal complex and prices vary depending on the complex size and onsite facilities (ie. onsite security guard)/ Typically this fee can be £500-1000 annually for an apartment and £750-1500 for a communal villa. When you own a private villa with private pool and garden you are able to instruct your own property manager and maintenance company and the price depends on how many months you wish to run your pool, pool size and how landscaped your gardens are. Typically a private pool/garden maintenance is around £1200-2,500 PA.

Council rates & property taxes are dependent upon property type, area & size of property and declared value on the Tapu/deed. It is paid annually at the local Post Office by presenting a copy of your TAPU (around April) and is usually less than £250 per year. It is around 0.1% per person of the declared property value.​

DASK (compulsory earthquake insurance) is paid annually, but at the time of your property purchase ourselves or your Solicitor will already have put a Policy in place. This can easily be renewed with your comprehensive house insurance annually and most Insurance Brokers in the area will accept credit card/online payments for easy renewal if you are not in country.
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Electricity/gas & water utilities – Dependent on personal consumption and on individual meters. A deposit is required by the Utilities Companies when registering new ownership and once set up in your name, the bills can be paid by cash at the Post Office or by Direct Debit through your Bank.

Internet varies depending on provider and package.

TV packages: Most people opt for NetFlix accounts, Amazon Prime and Disney etc.  IPTV is available to be installed subject to internet and current rates

Disclaimer: All of the above costs are for guidance purposes only and are subject to change. The legalities, processes and costs change regularly in Turkey, so although we use our best endeavours to ensure the information is correct, the figures quoted can change.